Solved: Can I deduct the mortgage interest from my deceased father's home? The mortgage is written in a trust (estate of father's name) and I am the executor.
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Can I deduct the mortgage interest from my deceased father's home? The mortgage is written in a trust (estate of father's name) and I am the executor.

 
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Can I deduct the mortgage interest from my deceased father's home? The mortgage is written in a trust (estate of father's name) and I am the executor.

Condolences on the loss of your father.

Yes, mortgage interest paid by a deceased taxpayer may be reported either on the final tax return for the taxpayer or the estate's tax return (if any).

However, you personally cannot deduct mortgage interest for a property held in trust for the estate of another taxpayer.

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Level 7

Can I deduct the mortgage interest from my deceased father's home? The mortgage is written in a trust (estate of father's name) and I am the executor.

Condolences on the loss of your father.

Yes, mortgage interest paid by a deceased taxpayer may be reported either on the final tax return for the taxpayer or the estate's tax return (if any).

However, you personally cannot deduct mortgage interest for a property held in trust for the estate of another taxpayer.

View solution in original post

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